Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Euro-Backed Stablecoin, Euro Coin Set to Trade on Coinbase

Support for Euro Coin (EUROC), a euro-backed stablecoin, will go live on Coinbase in regions where trading is supported, the exchange said on Twitter.

Trading is slated to begin on or after 9 a.m. PST, Feb. 22, once liquidity conditions are met and asset supplies are established, said Coinbase, adding that after which the launch of EUROC-USD and EUROC-EUR pairs will continue in phases.

Coinbase will support EUROC as an ERC-20 token on the Ethereum network. It warned users to avoid sending the asset over other networks, or funds may be lost. The EUROC token will launch with the Experimental Label, designated for new or low volume tokens on the exchange, said Coinbase.

stablecoin Coinbase
Comments

All Comments

Recommended for you

  • Nobel laureate in economics: Stablecoins are “under-regulated” and governments could be forced to provide billions of dollars in bailouts if they collapse in a financial crisis

    Jean Tirole, the Nobel Prize winner in economics, warned that the "lack of regulation" of stablecoins could force governments to provide billions of dollars in assistance if these tokens collapse in future financial crises. 

  • BTC falls below $111,000

     the market shows BTC falling below $111,000, now reporting $110,982.89, a 24-hour decline of 1.99%, with significant market fluctuations, please manage risks.

  • BitradeX Officially Enters CertiK Global Top 50 Rankings at 36th Place, Security Strength Receives Authoritative Recognition Again

    AI cryptocurrency trading platform BitradeX has recently been officially listed by global leading security institution CertiK and ranks 36th on its trading platform security leaderboard, demonstrating the platform's continuous advancement in system security and compliance risk control.

  • LazAI Shares Vision for AI × Blockchain Future

    In an exclusive interview at #Nexus2140, Daniel Kwak, CCO of Metis and Head of Marketing at LazAI, introduced LazAI as a pioneering platform addressing data ownership, validation, and monetization in the AI era.

  • NEXUS 2140 Enters Final Countdown: Global AI•Web3•Ecom Expo Set to Ignite in Korea

    According to official sources, the highly anticipated NEXUS 2140 AI・Web3・E-commerce Global Expo has officially entered its final countdown. The flagship event will take place on June 21 at KINTEX in Goyang, South Korea.

  • BlockX.VC Makes Strategic Investment in TronBank.Pro, Expands into TRON Energy Finance

    According to official sources, leading blockchain venture capital firm BlockX.VC has announced a strategic investment in TronBank.Pro, a TRON-based energy finance service platform. Both parties will jointly advance the development of TRON’s energy leasing, staking, and on-chain payment infrastructure. The funding from this round will primarily be allocated to the development of the TronBank Card payment tool, global community expansion, and the enhancement of on-chain security systems. BlockX.VC emphasized that TronBank.Pro is poised to become a key entry point in the TRON energy market, helping to improve transaction efficiency, lower user costs, and further promote the prosperity of the TRON ecosystem.

  • BitradeX Token (BTX) Officially Listed on CoinMarketCap with Real-Time Market Data Now Available

    The BitradeX platform token, BTX, has been officially listed on CoinMarketCap (CMC), the world’s leading digital asset market data platform. Starting today, users can access real-time BTX price, trading volume, market capitalization, and other key data on CMC, further enhancing BTX’s transparency and global market visibility.
  • Cointime精选 ·

    Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

    Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
    Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

  • Hong Kong Legislative Council Member Tam Yue-heng: Accelerate the issuance and trading of stablecoins that match the characteristics of the linked exchange rate system

    Tan Yueheng, a member of the National Committee of the Chinese People's Political Consultative Conference and the Legislative Council, published an article entitled "Consolidating the Status of Financial Center and Sharing the Dividend of Deepening Reform". In it, he pointed out that in the field of digital finance, the SAR government must continue to develop digital finance and qualified virtual products, explore new beneficial financial formats, and promote the new productive forces of the financial industry. Hong Kong must promote the participation of financial technology companies in the stable coin sandbox mechanism, accelerate the issuance and trading of stable coins with the characteristics of matching linked exchange rate system, expand the testing scope and landing scenarios of digital RMB as a cross-border payment tool, and focus on developing products that are linked to virtual assets and underlying real assets, transforming art, real estate, equity, and carbon emissions into digital tokens through blockchain technology.

  • Coinbase Chief Legal Officer: US SEC blocks Coinbase’s request to disclose Gary Gensler’s communication documents

    Paul Grewal.eth, the Chief Legal Officer of Coinbase, wrote on the X platform that the issues of Chevron and Binance's secondary sales have been clarified, but in Coinbase's lawsuit, the U.S. Securities and Exchange Commission (SEC) has prevented Coinbase from requesting the disclosure of Gary Gensler's communication documents. In March 2021, Gary Gensler told the U.S. Congress that the SEC lacked regulatory authority over digital asset exchanges, confirming the long-held belief among market participants that digital asset trading on these exchanges is not within the jurisdiction of securities law. Coinbase has requested that Gary Gensler provide documents related to these communications because they are related to how the SEC's enforcement actions violate the due process requirements of the Constitution, but the SEC and Gary Gensler are trying to prevent the disclosure of these documents.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company